means test<\/u><\/a>\u201d which was designed to limit the use of Chapter 7 bankruptcy to those who cannot pay their debts. It does this by deducting specific monthly expenses from your “current monthly income” (your average income over the six calendar months before you file for bankruptcy) to arrive at your monthly “disposable income.” Converting to a Chapter 7 is often granted if changes have occurred in your life that make it impossible for you to keep up with your monthly payments. It is deemed reasonable that your financial situation is affected because you have either lost your job, took pay cuts, got shortened working hours, or you have become disabled.<\/p>\nIf you are considering converting from Chapter 13 bankruptcy to Chapter 7, it is highly-advisable to seek the counsel from an experienced Arizona bankruptcy attorney. Our Phoenix Fresh Start bankruptcy lawyers will make sure that your transition to a Chapter 7 bankruptcy goes without a hitch.<\/p>\n
If you or someone you know is finding it difficult to deal with Chapter 13 bankruptcy payments, contact\u00a0our Phoenix Fresh Start bankruptcy attorneys\u00a0to discuss your options. Don\u2019t delay in taking the next crucial step to financial freedom. Call us now!<\/p>\n","protected":false},"excerpt":{"rendered":"
A Chapter 13 bankruptcy is also called a wage earner’s plan or reorganization bankruptcy. In order to qualify for a Chapter 13 bankruptcy filing, you must show the court that you have a regular income and you are capable of committing to a repayment plan that will enable you to repay all or part of your debts in 3-5 years. \u00a0Our skilled Phoenix bankruptcy attorneys\u00a0can counsel you so that you may fully understand how Chapter 13 bankruptcy works and what […]<\/p>\n","protected":false},"author":1,"featured_media":2448,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,37,36],"tags":[1036,1035,1034,1037],"_links":{"self":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/2941"}],"collection":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/comments?post=2941"}],"version-history":[{"count":0,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/2941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media\/2448"}],"wp:attachment":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media?parent=2941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/categories?post=2941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/tags?post=2941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}